Product Note on Varun Beverages Limited IPO
| Company | Varun Beverages Limited |
| Profile | Varun Beverages Limited is one of the largest franchisee in the world (outside USA) of carbonated soft drinks ("CSDs") and non-carbonated beverages ("NCBs") sold under trademarks owned by PepsiCo. Company produce and distribute a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brands produced and sold by company include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Mountain Dew Game Fuel, Seven-Up Nimbooz Masala Soda, Seven-Up Revive and Evervess. PepsiCo NCB brands produced and sold by Company include Tropicana Slice, Tropicana Frutz (Lychee, Apple and Mango), Nimbooz as well as packaged drinking water under the brand Aquafina. In addition, Company have also been granted the franchise for Ole brand of PepsiCo products in Sri Lanka |
| Offer Period | Opens On : Wednesday, October 26, 2016 Closes On : Friday, October 28, 2016 |
| Price Band | Rs.440/- to Rs.445/- per equity shares |
| Bid Lot | 33 equity shares & multiple of 33 equity shares thereafter |
| Issue Size (In Shares) | Offer: 2,50,00,000 Equity Shares Fresh Issue: 1,50,00,000 Equity Shares Offer for Sale: 1,00,00,000 Equity Shares Employee Reservation: 500,000 Equity Shares Net offer: 2,45,00,000 Equity Shares |
| Issue Size (In Rs.) | Rs.1100 Crs. at Lower price band & Rs.1112.50 Crs. at upper price band |
| QIB | 50 % of the Issue |
| NIB | 15 % of the Issue |
| Retail | 35 % of the Issue |
| Mode of Payment | ASBA Mandatory (No Cheques will be accepted) |
| Registrar | Karvy Computershare Private Limited |
| Listing | NSE and BSE |
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